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Thread: ho lee flock

  1. #11
    sal
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    Quote Originally Posted by ChimpMaster View Post
    I don't get it, i.e. why did you buy these? Is it a new crypto-currency, an alternative to Bitcoin?

    Are you making or losing money?!
    The so-called altcoins emerge all the time - their only purpose is to exploit punters in a ponzi get rich quick scheme, where they keep buying, creating a demand, which increases the price, which increased the demand. Until someone with good stock market skills dumps a large amount on the market, getting rich in the process. Some times there are 1-2 more peaks and falls each smaller than the previous until eventually the demand dies and the new alt coin is introduced.

    Just like the start-up offering vaporware, often get VC funding then IPO, then the VC cashes in people eventually realise the product/service is worthless.

  2. #12

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    Quote Originally Posted by sal View Post
    The so-called altcoins emerge all the time - their only purpose is to exploit punters in a ponzi get rich quick scheme, where they keep buying, creating a demand, which increases the price, which increased the demand. Until someone with good stock market skills dumps a large amount on the market, getting rich in the process. Some times there are 1-2 more peaks and falls each smaller than the previous until eventually the demand dies and the new alt coin is introduced.

    Just like the start-up offering vaporware, often get VC funding then IPO, then the VC cashes in people eventually realise the product/service is worthless.
    I suppose the investor will face difficulty trying to extract their funds when they come to sell and realize a supposedly large profit in an unregulated market.

    Does seem to have a strong hint of MLM about it...

  3. #13

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  4. #14

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    Quote Originally Posted by sal View Post
    The so-called altcoins emerge all the time - their only purpose is to exploit punters in a ponzi get rich quick scheme, where they keep buying, creating a demand, which increases the price, which increased the demand
    Surely only a simpleton would get involved with such a purchase? Oh wait a minute.....just seen who the OP is.
    All has become clear.

    “The difference between stupidity and genius is that genius has its limits!"

  5. #15

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    Quote Originally Posted by shaunbhoy View Post
    Surely only a simpleton would get involved with such a purchase? Oh wait a minute.....just seen who the OP is.
    All has become clear.

    How did those magic beans work out for you?
    Where there's muck there's brass.

  6. #16
    eek
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    Quote Originally Posted by ChimpMaster View Post

    Re: Swiscoin is a Scam?
    Today at 03:02:20 PM
    *#7

    Swiscoin is a scam and is already removed from coinmarketcap.com if you refresh the page. NEXT...
    Hmm
    merely at clientco for the entertainment

  7. #17

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    Quote Originally Posted by northernladyuk View Post
    How did those magic beans work out for you?
    My Beanstalk shares have gone through the roof.

    “The difference between stupidity and genius is that genius has its limits!"

  8. #18

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    Quote Originally Posted by scooterscot View Post
    $0.525183

    Trades all set up... trying not to pull out my finger nails. No is buying. Probably someone is trying to do a mahosive false purchase or somit.

    No surprises there, then

  9. #19

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    Feel very sorry for Scooter though. It's almost like losing a lottery ticket that had the winning numbers on it.

  10. #20

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    Quote Originally Posted by shaunbhoy View Post
    My Beanstalk shares have gone through the roof.

    Do you want to sell them to someone I know who could do with a beanstalk to escape from his dodgy hotel room? He'll want a receipt so he can expense it, mind.

    http://www.tripadvisor.com/ShowUserR...n_England.html
    Where there's muck there's brass.

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